Waste to Energy
Announcements prior to September 2017, including this announcement, occurred under previous ownership.
03 November 2014
The project is expected to process up to 320,000 tonnes of household, commercial and industrial waste per year.
It will divert more than 7 million tonnes of waste from landfill over its lifetime – equivalent to the annual waste arisings of more than 300,000 households – and recover over 1.5 million tonnes of recyclable materials.
In addition, it will generate 203 GWh of electricity per year, enough to power over 40,000 households.
The PPP project is being developed by North Yorkshire County Council and City of York Council alongside sponsors AmeyCespa, Aberdeen UK Infrastructure Partners (a fund managed by Aberdeen Asset Management) and Equitix. GIB will provide long-term loan financing and an equity bridge loan alongside Nord/LB, Sumitomo Mitsui Banking Corporation, Siemens Bank, KfW-IPEX and the European Investment Bank (EIB). This is the first joint-investment between GIB and EIB.
The new facility in Allerton, between Harrogate and York, will be constructed at an existing landfill and quarry site by contractor AmeyCespa, who will operate the plant on completion. This will be AmeyCespa’s largest waste project to date.
It is GIB’s first waste investment to feature such an extensive range of waste treatments and advanced technology. The new treatment plant will enable value to be recovered from almost every aspect of North Yorkshire County Council and City of York Council’s waste, including:
The project will process all of the residual waste from North Yorkshire County Council and the City of York with the remaining capacity of the plant used to process commercial and industrial waste sourced by AmeyCespa.
More than 400 jobs are expected to be created during the construction process and an additional 70 when Allerton Waste Recovery Park becomes operational.
Shaun Kingsbury
Chief Executive, UK Green Investment Bank
Total project value: £319 million
Total GIB investment: £33 million
Investors: AmeyCespa, Aberdeen UK Infrastructure Partners (a fund managed by Aberdeen Asset Management), Equitix, UK Green Investment Bank, European Investment Bank, Nord/LB, Sumitomo Mitsui Banking Corporation, Siemens Bank and KfW-IPEX
Environmental impact: More than 7 million tonnes of waste from landfill over its lifetime
Energy generation: 203 GWh of electricity per year, enough to power 40,000 households
Developer: AmeyCespa
Media enquiries
About AmeyCespa
AmeyCespa combines the best of UK public service provision with over 40 years of international, unparalleled experience in waste management, with an emphasis on pioneering new technologies.
We are able to assist local authorities and our business customers in meeting their cost, sustainability and environmental challenges by providing comprehensive and innovative waste management services. We focus on bespoke services and solutions designed specifically to meet local needs.
The insights gained from our international experience – where we manage over seven million tonnes of waste each year across more than 90 sites – allow us to remain at the forefront of waste management thinking and development. www.ameycespa.com
For further information please contact the press office on press.office@amey.co.uk / 01865 713 240
About North Yorkshire County Council
North Yorkshire County Council is responsible for providing a wide range of public services to around 600,000 people living in around 256,600 households in North Yorkshire. The county covers an area of over 800,000 hectares and is predominantly rural and has a well-diversified economy. The importance of the financial and business services sector has grown and the service sector such as tourism jobs makes up the majority of employment. Manufacturing retains its importance, particularly the food and drink sector. High levels of self-employment and employment in small businesses are vital to the rural areas of the county as are the strong tourism and agriculture sectors. www.northyorks.gov.uk
